Cracker Barrel Old Country Store director Andrea Weiss on Monday trimmed her stake in the Lebanon-based restaurant and retail chain by more than a third, selling 5,000 shares for more than $500,000. Weiss, who runs a retail consulting firm, has been on the Cracker Barrel board since 2003.
Community Health Systems Division President Martin Smith is the latest local executive to unload a big chunk of his stock holdings. Smith on Tuesday sold 25,000 shares, about a quarter of his total, for gross proceeds of a little more than $1 million. A day later, CHS Chief Quality Officer Lynn Simon pocketed about $205,000 on the sale of about 6 percent of her stake in the hospital company. CHS shares (Ticker: CYH) are up about 7 percent year to date.
Over at Ryman Hospitality Properties, Director Michael Bender booked a similarly sized profit last Friday on the exercising of more than 9,000 options that would have expired in August. Bender then sold the resulting for a gain of $205,000. Shares of Ryman (Ticker: RHP) have risen about 10 percent so far this year.
Add Louisiana-Pacific Executive Vice President Rick Olszewski to the growing list of local public-company executives who have sold notable chunks of their stock holdings this year. Olszewski, who has been with LP since 2007 and oversees sales and marketing as well as its Latin American operations, last week unloaded about a quarter of his shares for more than $360,000. Shares of LP (Ticker: LPX) are down about 15 percent this year.
Corrections Corp. of America Executive Vice President and Chief Development Officer Anthony Grande this week popped back onto our radar that scans for local insider trades. Grande's stock trading plan on Monday exercised 15,000 stock options that would have expired starting in 2018 and sold the resulting shares. His profit on the transactions topped $275,000 and came about two months after he booked a $155,000 gain in similar circumstances.
Chad McCurdy has been booking some nice paper gains of late on his and his Marlin Capital Partners' stakes in Diversicare Healthcare Services, but that didn't stop him last week from spending almost $500,000 to snap up another 78,000 shares for various personal accounts. Combined, McCurdy's direct and indirect professional and personal holdings now total 22.7 percent of Diversicare. Shares of the Brentwood-based company (Ticker: DVCR) are up more than 40 percent so far this year.
Even among the laundry list of Middle Tennessee executives 2014 insider trades, this one is a biggie.
Bill Carpenter, chairman and CEO of LifePoint Hospitals, last week slashed his stake in the company by almost 30 percent while exercising a boatload of stock options that would have expired next year and in 2016. In all, Carpenter exercised 125,000 options before selling the resulting shares as well as almost 156,000 others. His total profit on those transactions was more than $11.6 million.
Carpenter, who took the helm at Brentwood-based LifePoint in mid-2006, still owns more than $21 million worth of LifePoint stock, which has climbed (Ticker: LPNT) 8 percent this year.
SEE ALSO: Details of other LifePoint insiders' recent sales
Paul Gilbert, the chief legal officer at LifePoint Hospitals since early 2008, this week became the latest local insider to book some big profits when he exercised 40,000 stock options and then sold more than 54,000 of his shares. The moves — which came after LifePoint (Ticker: LPNT) climbed more than 10 percent in a month — produced a profit of almost $1.7 million for Gilbert, who moved to LifePoint from Waller in 2006.
HCA Holdings Director Wayne Riley last week cut his stake in more than half by selling 10,000 shares of the hospital giant. The former president of Meharry Medical College pocketed $520,000 on the sales. Shares of HCA (Ticker: HCA) closed Wednesday trading at $52.68 and are up about 10 percent year to date.
At fellow hospital operator LifePoint, Chief Administrative Officer John Bumpus last Wednesday exercised two sets of options that would have expired in early 2015 and 2016 and then sold the resulting 20,000 shares. His profit on the transactions was just short of $390,000. LifePoint shares (Ticker: LPNT) also are up about 10 percent so far this year.
SEE ALSO: Other insider trades since the beginning of the year
The tide of share selling among local public-company executives has ebbed a bit, but there have still been a few noteworthy transactions in the past week and change at companies where leaders have been active of late. At shoe and hat retailer Genesco, Senior Vice President Jonathan Caplan took in more than $900,000 from the sale of more than a sixth of his stock while fellow SVP Mimi Vaughn pocketed about $245,000 by selling more than 3,000 of her more than 48,000 shares.
Over at Acadia Healthcare, former COO and Eastern Division President Karen Prince unloaded all but 100 of her remaining shares for about $250,000. Prince left Franklin-based Acadia in the spring of 2012.
SEE ALSO: Other recent insider trades of note
Various Genesco insiders continue to trim their positions in the shoe and hat retailer as its stock trades at near-record highs. Marty Dickens, the former AT&T Tennessee president and a Genesco director since 2003, last Tuesday sold about a fifth of his Genesco shares for $285,000 and General Counsel Roger Sisson booked a profit of almost $770,000 on the exercise of more than 15,000 stock options and the sale of the resulting shares. Those transactions came a couple of days after CFO Jim Gulmi shed about a tenth of his stake in Nashville-based Genesco for almost $1.2 million. Gulmi's sale in turn came just a few days after he unloaded more than $300,000 worth of Genesco stock, which is up (Ticker: GCO) about 7 percent so far this year.
SEE ALSO: Other recent insider trades
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